The Minister of Labour and Employment, Dr. Chris Ngige, says Nigeria is currently broke.

The Minister mentioned this while speaking at the 2022 World Day Against Child Labour.

According to him, the Federal Government does not have money to prosecute capital projects next year, a development that might worsen unemployment and poverty.

“I can tell you that Nigeria is broke. There is no money to fund capital projects next year. As you can see, the dollar that has been hovering around N500 and N600 is now above N700. The truth is that there is no money anywhere. The money that the FAAC (Federation Account Allocation Committee) has been sharing is money from taxes, customs and other revenue-generating agencies.

The National Nigerian Petroleum Company Limited (NNPC) no longer remits money to FAAC. So, the situation calls for patriotism from all Nigerians. The lack of money to fund capital projects would have implications on the capacity to create jobs. If jobs are not created, poverty will increase in the country.”?he said.

Source: https://guardian.ng/news/nigeria-broke-cant-fund-2023-capital-projects-ngige-cries-out/

He is responsible

He is a member of embezzlement gangs that made Nigeria government to be "broke" and cannot afford projects .

Okija shrine alumni. Is that why you cannot resolve ASUU crisis all this while?

Whao! After all the lies of Nigeria is doing well with economy, agriculture-rice pyramids, Subsidy and etc?
So all the monies have finally been looted finish?

A whole Accountant general of the Federation looted 80B but he has gotten bail. Abba Kyari is still chilling
Even the ECA/SWF have gone down drastically. E no go better for all of una.

bennybuhari:
Okija shrine alumni. Is that why you cannot resolve ASUU crisis all this while?

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But there is more than enough billions to steal on daily basis.

Nigeria is actually rich but corruption and wastefulness of politicians makes it seems like she is poor. In terms of petroleum, solid minerals and human resources, we are the greatest in Africa. Buhari, Tinubu, etc are our human disasters.

Are you just knowing?

Print more naira. That's how you guys killed the Naira.

I wish and pray him the bandits. May he be kidnapped, may a ransom that is beyond his powers be demanded by his abductors. Amen.

A vote for APC is wasting sixteen (16) years of Nigeria's democratic rule.

Lol. Nigeria is not broke just that our common wealth has been stolen in the last 7 years with reckless abandon.

We have 100s if not thousands like the former accountant general that has looted over #109 Billion. So it's only logical that the federation account will dry up sooner or later.

It's until looters get the death penalty Nigeria is not going anywhere.

Until we begin to see acts committed by the likes of the former accountant as economic sabotage that is worst than Bokoharam we will be going down to the pit. Looters have sabotaged the economic well-being of over 200M people but we keep applauding them.

A

to your tents o Israel

Y’all have looted Nigeria dry. Go and tell Buhari that, he seems not to know anything happening in Nigeria he didn’t even know his terrorist brothers threatened to kidnap him.

And what can you do about it.

Can you forfeit your salary

This man has always been a yoyo!

Thunder fire dis man no need to read d write-up sef

You guys should bring out all the stolen billions in your custody

Mtxhew

But politicians are very rich..if the country is broke why not start by cutting by half the salaries of the executives, legislators and judiciary, then retrieve our money from politicians like Atiku, tinubu, orji ozor kanu, rochas,gandollars etc and most importantly u guys that are looting public funds should stop looting and return the funds that were looted for the past since 1999.believe me ,funds to clear our Chinese debt and develop our economy and deliver more infrastructures will be readily available..we need Ghana kind of revolution in this country and executive all the criminals that have contributed to make our country poor...

werey. wicked black people. . Just to fight for the economic soveignty of your is like a curse. .

Igbos have never supported Bubu to be president the five times he contested even when he picked Igbo men as running mate twice. We've always known he'd be a failure!

The stick you see cannot blind you!

A - Always

P - Punishing

C - Citizens

That's APC for you.

Bihiri cometh not but to Kill, Steal and Destroy Nigeria

Nigeria is bankrupt.

We've known long ago
That's where una carry naija reach
You all should be flogged and assets confiscated stat

Nigeria is broke, but the politicians aren't. The poorer the country the richer they become.

Who broke it?